pick your words a little better..a recession is defined by 2 consecutive quarters of negative growth in GDP..we haven't even had 1 yet...this is a market correction that was long over due due to the stopping of QE2 which artificially propped up the markets...nothing more, nothing less...unless of coarse some of our big financial institutions have a heavy exposure to the European debt crisis...ehem ehem Goldman....

Man what volatile times. 2 weeks ago I felt like I won the lottery looking at my portfolio. Now I gave it all back & then some. Did rebound a bit on Thursday & Friday however , maybe stabilization is here.Funny how long it takes for gas prices to decline however. They go up immediately when oil rises but when oil goes down it takes about a week to see a 2 cent drop in gas prices.